Finance advice

Non-bank slashes rates

By webmaster

Australian First Mortgage has slashed 0.15 per cent off its two year fixed rate.

The non-bank lender cut the 15 basis points from its Complete Option Full Doc Product, which comes with a nil application and valuation fee.

The two year fixed-rate special offer is for new borrowers only, on loans up to 50 per cent of the total loan facility being fixed.

AFM’s director Iain Forbes said the company was ready to stake its place as a true alternative to the major banks in 2011.

“Having finished the 2010 year on a high note, with December recording the highest volume in settlements for the year, we are equipped to accept the challenge for 2011, and have been recruiting staff around the country in recent months to meet the needs of our clients” he said.

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